Explainer: Why NJ’s Unfunded Liability for Retirees Is $90 Billion and Rising

http://www.njspotlight.com/stories/14/08/11/explainer-why-state-s-unfunded-liability-for-retirees-is-90-billion-and-rising/

Funding gap grows because NJ continues to underfund pensions and covers retiree healthcare costs on pay-as-you-go basis

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